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  • Politics
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  • inflation

As the country battles inflation and the devaluation of the lira, can Erdogan pull off a miracle and get the economy back on track, as promised? Luca D'Urbino

Turkey in the throes of strong economic headwinds

As the country battles inflation and the devaluation of the lira, can Erdogan pull off a miracle and get the economy back on track, as promised?

Khaled Kassar 29 May 2023
Daily life in Egypt has been strained by a wave of price rises driven by Egyptian pound slumps, leaving the country at the mercy of the dollar. Jamie Wignall

Egypt’s deal with the IMF comes with dramatic consequences for the economy

Daily life in Egypt has been strained by a wave of price rises driven by Egyptian pound slumps, leaving the country at the mercy of the dollar.

Marcelle Nasr 13 February 2023
A pump jack of Wintershall DEA is pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer

Oil Rises On China Demand Hopes, U.S. Inflation in Focus

Oil rose about 1% on Thursday supported by optimism over China's demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top…

12 January 2023
India's Chemicals and Fertilizers Minister Mansukh Mandaviya, who is also Union Minister of Health and Family Welfare, gestures during his interview with Reuters at his office in New Delhi, India, July 15, 2022. REUTERS/Anushree Fadnavis

India Urges Global Companies to Help Build Fertiliser Storage

India, a leading importer of fertilisers, is seeking investment from global companies as the nation works to build storage for the crop nutrients, fertiliser minister Mansukh Mandaviya said on…

07 December 2022
A customer shops organic products at the Bio foods in a Lidl supermarket in Gattieres near Nice, France, December 2, 2022. REUTERS/Eric Gaillard/File Photo

Factbox: How Governments Are Trying To Ease Inflation Pain

Pandemic-related disruptions to global supply chains and the knock-on effects of Russia's war in Ukraine have driven up prices of energy, commodities, and necessities. Here's how governments are…

05 December 2022
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won

Dollar Steadies After Recent Falls, Gains on Pound and Yen

The pound and Japanese yen edged off multi-month highs against the dollar on Monday as traders, investors and analysts started to speculate whether the greenback's recent bout of weakness was coming…

05 December 2022
A woman in a protective mask is seen at Andreas Grocery store after it received a delivery of fresh fruit and vegetables, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 20, 2020. REUTERS/Dylan Martinez

UK Public Sector Pay Won't Keep Up With Inflation: Transport Minister

British public-sector pay will not be able to keep up with soaring inflation, transport minister Mark Harper said on Sunday, as the country faces a wave of industrial disputes. Industrial action…

27 November 2022
Election workers make a final preparation at a polling station during Malaysia's 15th general election, in Bera, Pahang, Malaysia November 19, 2022. REUTERS/Lai Seng Sin

Malaysia Votes in General Election, Anwar Seen Leading Tight Race

Malaysians were voting on Saturday in a general election that may fail to end the recent phase of political instability in the Southeast Asian nation as polls have predicted no clear winner. The…

19 November 2022
People stroll at Mahmutpasa street, a middle-class shopping area, in Istanbul, Turkey May 6, 2022. REUTERS/Murad Sezer

Turkey's Inflation Hits 24-Year High of 85.5% After Rate Cuts

Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging…

03 November 2022
FILE - A light installation is projected onto the building of the European Central Bank during a rehearsal in Frankfurt, Germany, Dec. 30, 2021. Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to the war in Ukraine, the European Union statistics agency Eurostat reported Monday, Oct. 31, 2022. (AP Photo/Michael Probst, File)

Inflation Hits New Record in Europe, Slowing Economy

Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed…

AP 31 October 2022
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Ewan White
Politics

How Trump reshaped the world

03 November 2025

Al Majalla examines key developments in the US and across the globe less than a year into Trump's second presidential term

Al Majalla - London
AFP-Reuters-Eduardo Ramon
Politics

Zohran Mamdani becomes first Muslim mayor of New York

04 November 2025

The 34-year-old socialist's win is a seismic development, proving that tax rises for the rich to fund social programmes, and unwavering advocacy for Palestinian rights, are politically viable stances

Tarek Rashed
A displaced woman rests in Tawila, in the country's war-torn western Darfur region, on 28 October 2025, after fleeing el-Fasher following the city’s fall to the Rapid Support Forces (RSF). AFP
Politics

From siege to slaughter: the fall of el-Fasher

29 October 2025

After over 500 days of a crippling blockade, the city finally fell to the RSF, cementing their control of the giant Darfur state in western Sudan and giving them full access to key supply routes

Amgad Fareid Eltayeb
Activists hold a demonstration in lower Manhattan against the arrest by ICE of Palestinian activist Mahmoud Khalil, a graduate student at Columbia University, on 20 March 2025 in New York City. SPENCER PLATT / AFP
Politics

The Gaza war has damaged the West

01 November 2025

The West's response to Israel's war on Gaza exposed its weakness and damaged its collective reputation, while also eroding civil liberties at home

Christopher Phillips
Al Majalla
Business & Economy

FII draws up roadmap for responsible investment and AI

03 November 2025

A major global conference in Saudi Arabia shifts the focus of investment and expenditure to programmes and policies with a human-centred impact, not least in healthcare and education

Omar Harkous

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